President Trump is now using tariffs as a negotiation tactic. Trump tweeted Monday morning saying "tariffs on steel and aluminum will only come off if new and fair NAFTA agreement is signed." Later on Monday Trump told reporters the White House is not backing down. CFRA Equity Research Analyst Matthew Miller explains why his outlook remains positive on the steel sub industry.
"Ultimately Canada and Mexico--the US is an extremely important trading partner for all three groups. We think that in order for steel tariffs to be effective either steel tariffs need to be applied all throughout the NAFTA region to prevent circumvention or it has to be applied across the board," said Miller.
Miller says he is not surprised Trump is leaning towards stiff tariffs, given his promise to protect the steel industry.
Some Georgia restaurants began reopening dine-in areas in line with an executive order from Gov. Brian Kemp that went into effect Monday.
The senator told Cheddar Monday that banking through the U.S. Postal Service will be able to serve more people during the pandemic, specifically low-income families, who are more likely to be unbanked.
Stocks are closing higher on Wall Street and around the world as governments prepare to gradually lift restrictions they imposed on businesses to slow the sweep of the coronavirus pandemic.
The Trump administration is reviewing new federal plans designed to guide restaurants, schools and others as states look to gradually lift their coronavirus restrictions. The draft guidance from the Centers for Disease Control and Prevention has been sent to Washington and still could change.
New York has canceled its Democratic presidential primary originally scheduled for June 23 amid the coronavirus epidemic in an unprecedented move. The Democratic members of the State’s Board of Elections voted Monday to nix the primary.
Stocks are rising around the world as governments prepare to gradually lift restrictions they imposed on businesses to slow the sweep of the coronavirus pandemic.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Stocks are closing out a tumultuous week with broad gains, led by familiar names in technology including Apple. The S&P 500 rose 1.4% Friday but still ended the week lower, breaking a two-week winning streak.
Jay Farner, CEO of Quicken Loans, told Cheddar Friday that the company is focused on educating customers about their available options.
Cheddar spoke with several small business owners across Georgia to find out which factors went into their decision to either reopen this Friday or stay closed until further notice.
